Fact Sheet
Fixed Income

SPDR® Blackstone
Senior Loan ETF

SRLN

Key Features(Loan Syndications and Trading Association) Leveraged LoanIndex (LLI).

•• The SPDR Blackstone Senior Loan ETF (the “Fund”) seeks toprovide current income consistent with the preservation ofcapital. In pursuing its investment objective, the Fund seeks
to outperform the Markit iBoxx USD Liquid Leveraged Loan
Index (the “Primary Index”) and the Morningstar LSTA U.S.
Leveraged Loan 100 Index (the “Secondary Index”) by normallyinvesting at least 80% of its net assets (plus any borrowingsfor investment purposes) in Senior Loans. For purposes of this
80% test, “Senior Loans” are first lien senior secured floating
rate bank loans.
•• Access the investment management experience of Blackstone
Credit & Insurance•• Seeks to provide access to active management in the highly
inefficient loan market•• A Senior Loan is senior to all unsecured claims against theborrower and senior or equal to all other secured claims,
meaning that, in the event of a bankruptcy, the Senior Loan,
together with other first lien claims, is entitled to be the firstto be repaid out of proceeds of the assets securing the loans,
before other existing claims or interests receive repayment

As of 06/30/2024

Fund Information
Inception Date

04/03/2013

CUSIP

78467V608

About The Primary Benchmark
The Markit iBoxx USD Liquid Leveraged Loan Index is comprisedof about 100 of the most liquid, tradable leveraged loans, asidentified by Markit’s Loans Liquidity service. Markit is dedicatedto utilising its unique datasets on loans to become the premierprovider of independent and objective loan indices for trading,
product structuring, and benchmarking.
About The Secondary Benchmark
The Morningstar LSTA U.S. Leveraged Loan 100 Index is designed
to reflect the largest facilities in the US leveraged loan market.
It mirrors the market-weighted performance of the largest
institutional leveraged loans based upon market weightings,spreads, and interest payments. The index consists of 100 loan
facilities drawn from a larger benchmark, the Morningstar LSTA
Not FDIC Insured. No Bank Guarantee. May Lose Value.

1Top 10 Holdings

CouponMaturity Date

Weight (%)

CLOUD SOFTWARE GROUP INC AKA BALBOA/CITRIX

9.334403/30/2029

1.77

LBM ACQUISITION LLC AKA US LBM

9.1938

12/17/2027

1.70

NEPTUNE BIDCO US INC AKA NIELSEN/NIELSEN HOLDINGS

10.4058

04/11/2029

1.64

MCAFEE CORP

8.579

03/01/2029

1.54

SEDGWICK CLAIMS MANAGEMENT SERVICES, INC.

9.093902/24/2028

1.43

ATHENAHEALTH GROUP INC.

8.593902/15/2029

1.42

ALLIED UNIVERSAL HOLDCO LLC AKA USAGM

9.193805/12/2028

1.39

PERATON CORP

9.193902/01/2028

1.37

SOLERA, LLC

9.591

06/02/2028

1.25

REALPAGE INC

8.458304/24/2028

1.22Totals may not equal 100 due to rounding.
Total Return (As of 06/30/2024)

Characteristics
NAV(%)

Market Value(%)

Cumulative
QTD

1.69

1.47

YTD

3.59

3.43

Annualized

Average Maturity in Years

4.91

Current 3 month LIBOR

5.55%

Number of Holdings

528

Percent of Loans in the Portfolio with LIBOR
Floors

64.89%

Weighted Average All in Rate

8.88%

1 Year

9.45

9.17

Weighted Average Days to Reset42

3 Year

3.44

3.40

Weighted Average LIBOR Floor

0.60%

5 Year

4.12

4.10

Average Price$98.01

10 Year

3.46

3.44

Index

Primary (%)1Secondary (%)2QTD

1.70

2.07

YTD

3.91

4.10

1 Year

9.45

10.78

3 Year

4.80

5.85

5 Year

3.96

5.24

Quality Breakdown

10 Year

3.21

4.17

BBB-

2.39

BB+

2.31
5.42

Asset Class Breakdown

Weight (%)

Loans

96.22

Bonds

4.30

Cash-0.52

Weight (%)

Gross Expense Ratio (%)

0.70

BB30 Day SEC Yield (%)

8.45

BB-6.28

Past performance is not a reliable indicator of future performance.
Investment return and principal value will fluctuate, so you may have a gainor loss when shares are sold. Current performance may be higher or lowerthan that quoted. All results are historical and assume the reinvestment
of dividends and capital gains. Visit ssga.com for most recent month-endperformance. Performance is shown net of fees. Performance of an index
is not illustrative of any particular investment. It is not possible to invest
directly in an index. Index returns are unmanaged and do not reflect thededuction of any fees or expenses. Index returns reflect all items of income,gain and loss and the reinvestment of dividends and other income asapplicable.
1 Primary Benchmark is Markit iBoxx USD Liquid Leveraged Loan Index.
Inception date is 06/30/2006.
2 Secondary Benchmark is Morningstar LSTA U.S. Leveraged Loan 100 Index.
Inception date is 10/20/2008.
Prior to 02/26/2021, the SPDR® Blackstone Senior Loan ETF was known as theSPDR® Blackstone / GSO Senior Loan ETF.
Prior to 8/29/2022, the Morningstar LSTA US Leverage Loan 100 Index wasknown as the S&P/LSTA U.S. Leveraged Loan 100 Index.

B+

12.67

B

41.12

B-

23.99

CCC+

3.51

CCC

1.12

NR

1.18

Totals may not equal 100 due to rounding.

2ssga.com
Information Classification: GeneralState Street Global Advisors
One Iron Street, Boston MA 02210
T: +1 866 787 2257
Glossary
NAV The market value of a mutual fund’s orETFs total assets, minus liabilities, divided by
the number of shares outstanding.
Market Value Determined by the midpoint
between the bid/offer prices as of the closing
time of the New York Stock Exchange (typically4:00PM EST) on business days.
Gross Expense Ratio The fund’s total
annual operating expense ratio. It is gross ofany fee waivers or expense reimbursements.
It can be found in the fund’s most recentprospectus.
30 Day SEC Yield (Also known asStandardized Yield) An annualized yield thatis calculated by dividing the net investment
income earned by the fund over the mostrecent 30-day period by the current maximum
offering price.
Average Maturity in Years The market
value-weighted average maturity of the bonds
and loans in a portfolio, where maturity isdefined as the stated final for bullet maturity
bonds and loans.
Current 3 month LIBOR Current 3 month
LIBOR (London Interbank Offered Rate) is theaverage interest rate estimated by leadingbanks in London that they would be charged
if borrowing from other banks with a maturityof 3 months.
Percent of Loans in the Portfolio withLIBOR Floors The percentage of loans in theoverall portfolio that contain a LIBOR Floor.
A loan is issued with a LIBOR Floor to ensure
the base rate does not fall below a set rate in a
low or falling interest rate environment. This
provides investors with protection against
falling rates.
Weighted Average All in Rate The
weighted average interest rate earned oneach asset in the portfolio, expressed as apercentage.
Weighted Average Days to Reset The
weighted average of the number of days until
the floating coupon rates of each loan arereset to reflect the current LIBOR base rate on
reset date.
Weighted Average LIBOR Floor The
weighted average of the LIBOR base rate ofeach loan in the portfolio with a set floor.
Average Price The weighted average of each
asset’s market price relative to its face value
or par value.
Quality Breakdown Bloomberg uses the“middle rating” of Moody’s, S&P, and Fitch todetermine a security’s index classification. If
only two of the agencies rate a security, thenthe most conservative (lowest) rating will beused. If only one rating agency rates a security,that one rating will be used. Where there are
no security level ratings, an issuer rating may
be used to determine index classification.
Bloomberg Index breakdowns are grouped intolarger categories. For example, AAA+ and AAA
are listed as Aaa; AA1, AA2, and AA3 are listed
as Aa, etc.
Important Risk Information
Weights are as of the date indicated, aresubject to change, and should not be relied
upon as current thereafter.
Investing involves risk including the risk of lossof principal.
The information provided does not constituteinvestment advice and it should not be reliedon as such. It should not be considered asolicitation to buy or an offer to sell a security.
It does not take into account any investor's
particular investment objectives, strategies,
tax status or investment horizon. You should
consult your tax and financial advisor.
The whole or any part of this work may not bereproduced, copied or transmitted or any of
its contents disclosed to third parties without
SSGA’s express written consent.
This communication is not intended to be an
investment recommendation or investment
advice and should not be relied upon as such.
The Fund's investments are subject tochanges in general economic conditions,general market fluctuations and the risks
inherent in investment in securities markets.
Investment markets can be volatile and prices
of investments can change substantially due
to various factors including, but not limited
to, economic growth or recession, changes
in interest rates, changes in the actual or
perceived creditworthiness of issuers, andgeneral market liquidity. The Fund is subject
to the risk that geopolitical events will disrupt
securities markets and adversely affect global
economies and markets. Local, regional or
global events such as war, acts of terrorism,
the spread of infectious illness or otherpublic health issues, or other events could
have a significant impact on the Fund and its
investments.
Actively managed ETFs do not seek toreplicate the performance of a specified index.
These investments may have difficulty inliquidating an investment position without
taking a significant discount from current
market value, which can be a significant
problem with certain lightly tradedsecurities. The Fund is actively managed
and may underperform its benchmarks. An
investment in the fund is not appropriate
for all investors and is not intended to be acomplete investment program. Investing in
the fund involves risks, including the risk thatinvestors may receive little or no return on theinvestment or that investors may lose part oreven all of the investment.
Investments in Senior Loans are subject tocredit risk and general investment risk. Credit
risk refers to the possibility that the borrowerof a Senior Loan will be unable and/or unwillingto make timely interest payments and/or repay
the principal on its obligation. Default in thepayment of interest or principal on a Senior
Loan will result in a reduction in the value ofthe Senior Loan and consequently a reductionin the value of the Portfolio’s investments anda potential decrease in the net asset value(“NAV”) of the Portfolio.
Bonds generally present less short-term riskand volatility than stocks, but contain interest
rate risk (as interest rates rise, bond prices
usually fall); issuer default risk; issuer creditrisk; liquidity risk; and inflation risk. Theseeffects are usually pronounced for longer-term
securities. Any fixed income security sold orredeemed prior to maturity may be subject toa substantial gain or loss.
Investing in high yield fixed income securities,
otherwise known as “junk bonds”, isconsidered speculative and involves greaterrisk of loss of principal and interest thaninvesting in investment grade fixed income
securities. These Lower-quality debt securities
involve greater risk of default or price changes
due to potential changes in the credit qualityof the issuer.

3ETFs trade like stocks, are subject toinvestment risk, fluctuate in market value andmay trade at prices above or below the ETFs
net asset value. Brokerage commissions andETF expenses will reduce returns.
Intellectual Property Information: TheS&P 500® Index is a product of S&P Dow Jones
Indices LLC or its affiliates (“S&P DJI”) andhave been licensed for use by State Street
Global Advisors. S&P®, SPDR®, S&P 500®,US
500 and the 500 are trademarks of Standard& Poor’s Financial Services LLC (“S&P”); DowJones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”) andhas been licensed for use by S&P Dow Jones
Indices; and these trademarks have been
licensed for use by S&P DJI and sublicensed
for certain purposes by State Street Global
Advisors. The fund is not sponsored, endorsed,
sold or promoted by S&P DJI, Dow Jones, S&P,
their respective affiliates, and none of suchparties make any representation regarding
the advisability of investing in such product(s)nor do they have any liability for any errors,omissions, or interruptions of these indices.
Distributor State Street Global Advisors
Funds Distributors, LLC, member FINRA,
SIPC, an indirect wholly owned subsidiary ofState Street Corporation. References to State
Street may include State Street Corporationand its affiliates. Certain State Street affiliates
provide services and receive fees from theSPDR ETFs. State Street Global Advisors Funds
Distributors, LLC is the distributor for certain
registered products on behalf of the advisor.
SSGA Funds Management has retainedBlackstone Liquid Credit Strategies LLC as
the sub-advisor. State Street Global Advisors
Funds Distributors, LLC is not affiliated withBlackstone Liquid Credit Strategies LLC.

Before investing, consider thefunds’ investment objectives, risks,charges and expenses. To obtain aprospectus or summary prospectus
which contains this and otherinformation, call 1-866-787-2257 orvisit ssga.com. Read it carefully.
2024 State Street Corporation.
All Rights Reserved.
Tracking Number: 5998057.2.3.AM.RTL
Expiration Date: 10/31/2024
ETF-SRLN 20240715/10:53©